South African unit trusts: Comments on results for the quarter ended 31 December 2008

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The carnage on global equity markets continued in the December quarter as investors steered clear of growth assets in search of liquidity and safe havens such as bonds and gold. Global equity markets in US dollar terms as measured by the Morgan Stanley World Index ended the quarter 22,18% down after its low […]

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SA PMI stabilising at lows (December 2008)

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By Mokgatla Madisha

December’s survey results suggest a stabilisation of the deterioration in manufacturing business activity. The seasonally adjusted Investec PMI came in just above 40 index points, at 40.1 – only marginally higher than the record low of 39.5 posted in November.

Both the seasonally adjusted indicators for output and […]

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